Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Update

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 19,500 shares, a drop of 48.4% from the February 28th total of 37,800 shares. Based on an average trading volume of 115,800 shares, the days-to-cover ratio is presently 0.2 days.

Neuberger Berman Municipal Fund Price Performance

Shares of Neuberger Berman Municipal Fund stock traded down $0.06 during midday trading on Friday, reaching $10.38. The company had a trading volume of 95,014 shares, compared to its average volume of 88,818. The company’s fifty day moving average is $10.49. Neuberger Berman Municipal Fund has a 1-year low of $10.03 and a 1-year high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.0542 per share. The ex-dividend date is Monday, March 31st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.26%.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Several large investors have recently made changes to their positions in NBH. Global Retirement Partners LLC acquired a new stake in Neuberger Berman Municipal Fund in the fourth quarter worth about $25,000. Atala Financial Inc acquired a new stake in shares of Neuberger Berman Municipal Fund during the 4th quarter worth approximately $67,000. Wolverine Asset Management LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the fourth quarter worth approximately $91,000. Uniting Wealth Partners LLC acquired a new position in Neuberger Berman Municipal Fund in the fourth quarter valued at approximately $105,000. Finally, Walleye Capital LLC bought a new position in Neuberger Berman Municipal Fund in the third quarter valued at approximately $129,000.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Intermediate Municipal Fund Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and have remaining maturities of less than 15 years.